Schwab US Broad Market ETF $SCHB is Davis Capital Management’s Largest Position

Davis Capital Management increased its stake in shares of Schwab US Broad Market ETF (NYSEARCA:SCHB) by 4.4% during the first quarter, HoldingsChannel.com reports. The firm owned 835,619 shares of the company’s stock after buying an additional 35,582 shares during the period. Schwab US Broad Market ETF accounts for 14.2% of Davis Capital Management’s portfolio, making the stock its largest position. Davis Capital Management’s holdings in Schwab US Broad Market ETF were worth $20,974,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in SCHB. Financial Life Planners bought a new stake in shares of Schwab US Broad Market ETF during the third quarter valued at about $27,000. Birchwood Financial Partners Inc. purchased a new stake in shares of Schwab US Broad Market ETF in the fourth quarter worth about $28,000. Wiser Advisor Group LLC bought a new position in shares of Schwab US Broad Market ETF in the third quarter valued at approximately $29,000. Bayban bought a new position in shares of Schwab US Broad Market ETF in the fourth quarter valued at approximately $33,000. Finally, LRI Investments LLC purchased a new position in Schwab US Broad Market ETF during the fourth quarter valued at approximately $35,000.

Schwab US Broad Market ETF Stock Performance

Schwab US Broad Market ETF stock opened at $28.97 on Friday. The firm’s 50 day simple moving average is $28.20 and its 200 day simple moving average is $26.91. The firm has a market capitalization of $42.84 billion, a PE ratio of 25.08 and a beta of 1.02. Schwab US Broad Market ETF has a 1-year low of $22.88 and a 1-year high of $29.35.

Schwab US Broad Market ETF Company Profile

Schwab U.S. Broad Market ETF (the Fund) seeks to track the total return of the Dow Jones U.S. Small-Cap Total Stock Market Index (the Index). The Index is a float-adjusted market capitalization weighted index that reflects the shares of securities actually available to investors in the marketplace. The Fund’s index includes the 2,500 publicly traded United States companies for, which pricing information is available. The types of derivatives used by the Fund are options, futures, options on futures and swaps.